India markets closed
  • BSE SENSEX

    52,344.45
    +21.12 (+0.04%)
     
  • Nifty 50

    15,683.35
    -8.05 (-0.05%)
     
  • USD/INR

    74.1390
    -0.0100 (-0.01%)
     
  • Dow

    33,290.08
    -533.37 (-1.58%)
     
  • Nasdaq

    14,030.38
    -130.97 (-0.92%)
     
  • BTC-INR

    2,647,405.00
    -135,803.75 (-4.88%)
     
  • CMC Crypto 200

    888.52
    -51.42 (-5.47%)
     
  • Hang Seng

    28,801.27
    +242.68 (+0.85%)
     
  • Nikkei

    28,964.08
    -54.25 (-0.19%)
     
  • EUR/INR

    87.6024
    -0.7431 (-0.84%)
     
  • GBP/INR

    101.9184
    -1.3460 (-1.30%)
     
  • AED/INR

    20.1410
    -0.0020 (-0.01%)
     
  • INR/JPY

    1.4834
    -0.0006 (-0.04%)
     
  • SGD/INR

    55.0800
    -0.1820 (-0.33%)
     

Business briefs

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
  • Oops!
    Something went wrong.
    Please try again later.

SBI launches personal loan scheme for COVID patients Mumbai, Jun 11 (PTI) To help customers who are facing financial stress on account of COVID treatment-related expenses, the State Bank of India (SBI) has launched a collateral-free personal loan scheme.

Under the offering– Kavach Personal Loan, customers can avail loans up to Rs 5 lakh at an effective interest rate of 8.5 per cent per annum for 60 months which is inclusive of three months moratorium, a release said.

The loan will cover the expenses of COVID treatment of self and family members of the customer. It will also cover reimbursement of COVID-related medical expenses already incurred.

“We believe this new scheme will offer much-needed financial assistance to the people to manage the COVID treatment-related expenses without any hassle,” SBI Chairman Dinesh Khar.

******************************* IFSC codes of erstwhile Syndicate Bank branches to change from July 1 *State-run Canara Bank said the IFSC codes of the erstwhile Syndicate Branches will change with effect from July 1, 2021.

The bank amalgamated Syndicate Bank with itself effective April 1, 2020.

Customers have to use the new CANARA IFSC for receiving funds through NEFT/RTGS/IMPS, a release said.

Customers of the erstwhile Syndicate Bank will have to get new cheque books with changed IFSC (Indian Financial System Code) and MICR (Magnetic Ink Character Recognition technology) codes, it said.

********************************* Sony Pictures Networks launches podcast *Sony Pictures Networks India has launched a podcast wherein achievers from diverse fields will be talking to inspire listeners.

An official statement claimed this is the first time a major Indian broadcast company has ventured into audio-streaming. PTI HV AA SHW SHW

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting